₹49.01 Crores | Listing at BSE | Thu, Oct 23, 2025 - Fri, Nov 21, 2025
Magnus Steel And Infra Ltd Rights Issue comprises 4.90 Cr equity shares aggregating to ₹49.01 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Oct 10, 2025, with the Rights Issue being offered in the entitlement ratio of 29 : 2.
The term of payment is defined as following : Issue price of Rs.10/- per share will be payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 18, 2025.
The Rights Issue opens on Oct 23, 2025, and closes on Nov 21, 2025, with renunciation of Rights Entitlements permitted up to Nov 10, 2025.
The deemed date of allotment is Nov 18, 2025, following which the equity shares are expected to be credited to demat accounts on Nov 24, 2025 and listed at the BSE on Nov 21, 2025.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Magnus Steel And Infra Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Oct 10, 2025
Entitlement Ratio
29 : 2
Open Date
Thu, Oct 23, 2025
Close Date
Fri, Nov 21, 2025
Issue price of Rs.10/- per share will be payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 0.43 | 0.02 |
| Total Income | 0.67 | |
| Profit After Tax | -0.38 | -0.29 |
| Amount in ₹ Crore | ||
Magnus Steel and Infra Limited, formerly known as Savant Infocomm Limited, is a diversified company engaged in steel trading, infrastructure projects, and engineering-related business activities in India.
The company focuses on supplying quality iron and steel products for industrial and infrastructure development. It aims to strengthen its presence in the growing construction and capital goods sectors.
Led by Karronn Naresh Bajaj, Magnus Steel and Infra continues expanding operations with a vision to deliver sustainable growth through innovation, efficiency, and customer-centric business practices.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company is in the business of trading in steel and infrastructure raw materials. It is operating in a highly competitive and fragmented segment. It marked minuscule financial performances for the reported periods. 29 fold jump in its post-RI equity may pose its servicing issue. There is no harm in skipping this at par “High Risk/Low Return” dicey bet. Read detail review...
Magnus Steel And Infra Rights Issue got subscribed by 0.17 times by the end of the bidding period with total bid quantity received by BSE of 84,45,980 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 21 2025 17:00:00 | 84,45,980 | 0.17x |
Magnus Steel And Infra Ltd
Unit No. 365,
At/Post: Shirasgaon,
Tal: Niphad, Dist:
Nashik, 422001
The Magnus Steel And Infra Rights Issue opens on Thu, Oct 23, 2025, and closes on Fri, Nov 21, 2025.
Magnus Steel And Infra Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Tue, Oct 14, 2025 |
| Last Date for renunciation of Rights Entitlements | Mon, Nov 10, 2025 |
| Issue Opening Date | Thu, Oct 23, 2025 |
| Issue Closing Date | Fri, Nov 21, 2025 |
| Date of Allotment (on or about) | Tue, Nov 18, 2025 |
| Date of Credit (on or about) | Mon, Nov 24, 2025 |
| Date of Listing (on or about) | Fri, Nov 21, 2025 |
You can apply for Magnus Steel And Infra Rights Issue in two ways:
Steps to apply for Magnus Steel And Infra Rights Issue using Net Banking (ASBA)
Steps to apply for Magnus Steel And Infra Rights Issue using Registrar's website (R-WAP)
